Loan EMI Calculator

₹
%
Years
₹ 10,747
  • Total Interest Payable ₹ 1,44,817
  • Total Payment (Principal + Interest) ₹ 6,44,817

What is an EMI Calculator?

An EMI (Equated Monthly Installment) calculator is a simple tool that helps you calculate the amount you need to pay every month towards your loan repayment. Whether you are looking for a Home Loan, Car Loan, or Personal Loan, knowing your EMI in advance helps you plan your monthly budget effectively.

How is Loan EMI Calculated?

The mathematical formula for calculating EMI is:

E = P x R x (1+R)^N / [(1+R)^N-1]

Where:

  • E is the EMI amount.
  • P is the Principal loan amount.
  • R is the rate of interest calculated on a monthly basis.
  • N is the loan tenure in months.

Benefits of using The Calculators Online

Our tool provides instant accuracy without manual calculations. Created by Rahul Kumar and the team at WPFixHub, this tool ensures you get the most precise financial data to make informed decisions about your future investments and liabilities.